Lockheed Martin (NYSE:LMT) Price Target Lowered to $468.00 at Wells Fargo & Company

Lockheed Martin (NYSE:LMT) had its price objective cut by equities researchers at Wells Fargo & Company from $497.00 to $468.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.38% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on LMT. Morgan Stanley lowered their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group dropped their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin Stock Down 1.0 %

Shares of LMT opened at $444.10 on Wednesday. The firm’s 50 day moving average is $468.06 and its 200-day moving average is $527.23. Lockheed Martin has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $104.53 billion, a PE ratio of 20.07, a P/E/G ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities research analysts forecast that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter valued at about $26,000. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter valued at approximately $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter valued at $35,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.